Current Affairs 23rd August

National Affairs

1. NBRI Namoh 108: MoST Minister Dr Jitendra Singh unveils a new variety of Lotus flowers developed by CSIR-NBRI

 

On August 19, 2023, Association Priest of State (Autonomous Charge) Dr Jitendra Singh,

Service of Science and Innovation (MoST), disclosed “NBRI Namoh 108”, a special assortment of Lotus (Nelumbo nucifera) with 108 petals, in Lucknow, Uttar Pradesh(UP).

 

NBRI Namoh 108 was created by the Committee of Logical and Modern Exploration Public

Natural Exploration Organization (CSIR-NBRI), Lucknow(UP)- based foundation of public

significance which took part in research in the traditional natural disciplines.

 

The MoST Clergyman likewise presented attire produced using lotus fibre and fragrance ‘Frotus’. The scent is removed from lotus blossoms and was created through the cooperative endeavors of NBRI, and the Aroma and Flavor Advancement Center (FFDC) situated in Kannauj, UP.

 

A Reminder of Figuring out (MoU) was endorsed between CSIR-NBRI and M/s Nucleome Informatics, Hyderabad, Telangana for cooperative examination on Cotton.

2. Highlights of 4th G20 DEWG & G20 DIA Summit held in Bengaluru 

 

The fourth and the Last gathering of the G20 (Gathering of Twenty) Computerized Economy Working Bunch (DEWG), coordinated by Service of Gadgets and Data Innovation (MeitY) as

a piece of India’s G20 Administration was held in Bengaluru, Karnataka from August 16-17, 2023.

 

It was officially opened by the Seat of G20 DEWG Alkesh Kumar Sharma, Secretary,

MeitY, and was tended to by co-seat of G20 DEWG Sushil Buddy, Joint Secretary, MeitY.

 

Definite thoughts on the draft “G20 Advanced Economy Clerical Announcement” were

held in regard to the need regions: Computerized Public Framework, Security in the Advanced Economy, and Computerized Skilling.

 

MeitY and the MeitY Start-up Center point have coordinated the G20 Advanced Development Coalition (DIA) Culmination at the Bangalore Castle in Bengaluru (Karnataka) from August seventeenth to nineteenth, 2023.

3. BRICS Nations Agree to Launch New University Ranking System

BRICS Schooling Clergymen as of late collected in the Mpumalanga territory of South

Africa and agreed to lay out another independent college rating framework. BRICS countries involve Brazil, Russia, India, China, and South Africa.

 

Objective – It expects to move toward getting greatness in higher schooling, empowering cross-line scholarly coordinated efforts, and propelling the system instructive targets of these countries.

 

The essential plan of the BRICS Instruction Priests’ gathering was tending to the

need for current, responsible schooling and preparation. Pioneers from different instructive

divisions cooperatively perceived the limits of current college positioning

strategies.

 

This provoked a choice to make another positioning framework, exhibiting an obligation to

improve, the exact assessment of advanced education foundations worldwide. Services of

Training from Brazil, Russia, India, China, and South Africa sincerely loaned their

support for this proposition.

 

Konstantin Mogilevsky, Appointee Pastor of Science and Advanced education in Russia, underlined the need for another assessment structure in the worldwide schooling local area. He focused on the significance of objectivity and general acknowledgement in this system.

 

CHEN Jie, Agent Clergyman of Schooling from Individuals’ Republic of China highlighted

that the impending rating frameworks need to depend on subjective benchmarks, not simply

quantitative ones.

Banking and Finance

1. CBDT Notifies New Rules for Tax Exemption of Life Insurance Premiums Exceeding 5 Lakh

Focal Board for Direct Duty (CBDT) under Division of Income in Service of Money

given notification(No. 61/2023) with respect to the Annual Duty Change (Sixteenth

Revision) Rules, 2023 is a bunch of rules presented as a feature of the Money Act, 2023. The

new rules for charge exclusions under the revised segment 10 (10D) of the Pay

Charge Act, 1961, expresses that the development aggregate got from disaster protection strategies will be dependent upon tax collection assuming that the yearly premium surpasses Rs.5 lakh.

 

Under the past guidelines determined in area 10 (10D) of the Annual Expense Act, 1961,

the development amount of an extra security strategy, alongside any rewards, was not exposed to tax collection.

 

Be that as it may, the change to Condition (10D) of segment 10 of the Personal Expense Act, 1961, specified that the development total got from extra security approaches given on April 1,

2023, or later, will be available assuming the yearly premium surpasses Rs 5 lakh.

 

The addition of another provision (xiii) in sub-area (2) of segment 56 of the Personal Expense Act, 1961, is connected with the correction referenced in the Personal Assessment Change (Sixteenth Correction) Rules, 2023.

 

This new proviso (xiii) presents a particular arrangement that tends to the expense treatment of totals got under an extra security strategy. The assessment treatment of extra security

approaches allude to how the returns or advantages got from these strategies are dealt with

for tax assessment purposes

 

Rule 11UACA gives the system to register the pay chargeable to burden under condition (xiii) of sub-area (2) of segment 56 of the Personal Duty Act, 1961.

 

Note – The Money Act is a yearly regulation in India that frames the revisions, adjustments, and changes to different expense regulations, including the Personal Assessment Act, of 1961.

2. SBI Life Insurance becomes the first Indian private life insurer to launch a’24X7 inbound contact centre

State Bank of India (SBI) Disaster Protection turned into the primary confidential life coverage organization in India to give 24X7 inbound contact place through complementary number 18002679090 to address when buying questions with the intent to offer continuous answers for inquiries related to arrangements and protection arrangements.

 

The contact place is accessible to both existing and new shoppers, over time.

This is lined up with the objective of ‘Protection for all by 2047’ set by Protection Administrative what’s more, the Advancement Authority of India (IRDAI).

 

This drive plans to address both pre and post-buy requests, offering continuous

answers for strategy and protection-related inquiries.

 

Current Limit:

 

The ongoing limit of the client care support empowers it to oversee around 13 lakh calls every year. Furthermore, the organization works on an Intelligent Voice Reaction Framework (IVRS) highlighting 13 self-administration choices.

 

Protection for all by 2047-IRDAI:

 

In November 2023, IRDAI sent off a program called ‘Protection for All by 2047’ with a point

to furnish each resident with life, well-being and property protection cover and each endeavour with proper protection arrangements.

 

The three mainstays of the whole protection environment are protection clients (policyholders), protection suppliers (safety net providers) and protection wholesalers (go-betweens).

Science and Technology

1. China Launches New Satellite for Earth Observation

China has sent off another Earth perception satellite, named Gaofen-12 04, on a Long

Walk 4C transporter rocket, into space from the Jiuquan Satellite Send-off Center in Northwest China.

 

The satellite has been situated in the assigned circle around the Earth as initially

planned for its main goal.

 

This send-off addresses the 484th flight mission of the Long Walk series transporter

rockets.

 

The satellite’s abilities will be used in different applications, for example, land studies,

metropolitan preparation, street network configuration, crop yield assessment, and fiasco aid ventures.